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economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact, it is leading to polarization of positions that have to be negotiated in private, and the lesson here from washington, the better i like the fiscal cliff. liz: the talks were secret today. >> might notice the financial markets are not actually very volatile in response to the special fiscal cliff. we should let it go. -@something will be resolved evn if it is only postponement, which i suppose sinc into the mt likely outcome. liz: talk mother three hidden risks bubbling up. we'll put the him on the facebok page. thank you, it is an honor to have you here. do you have a facebook page? >> the volatili
economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact,...
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economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have noticed there are a couple of things. the fiscal cliff. we cannot get out of the way of that. if you look at to the second half of 2013 that we can get some resolution, we may not like the total resolution, but if we can, you move past a period of uncertainty. three things have started in 2012 that could accelerate in 2013. housing is key. cheryl: it has done incredibly well this year. >> the second aspect is what is going on with the energy field, in terms of technology and energy less dependence for the u.s. the third factor is what is going on in manufacturing. you can talk about the creation of jobs in the u.s. economy. if you can get the u.s. economy past thi
economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have noticed there are a couple of things. the fiscal cliff. we cannot get out of the way of that. if you look at to the second half of 2013 that we can get some...
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it wrecks the economy in the process. melissa: peter, it is delusional but so is everything else we're doing right now. i think that's my point the whole notion of the debt ceiling and raising it and owing, spending our children's money, everything we're doing is insane rig now. >> oh i agree with that. it's a way around the debt ceiling problem. instead of printing bonds, you create this coin so you don't have to get t debt iling raised. the debt ceiling is one last point of restraint we have in the system. it causes us to focus. >> this is like a monopoly token. the coin might as well be a checkers piece. >> exactly. melissa: guys, we've got to go. thanks to all of you. you are fantastic. you have to come back and be our power panel again. >> take care. melissa: all right. here is the question of the day. would two platinum coins soe all o debt problems? we want to hear what you think. like us at facebook.co facebook.com/melissafrancisfox. or follow me on twitter, @melissaafrancis. i loved your responses. i read them al
it wrecks the economy in the process. melissa: peter, it is delusional but so is everything else we're doing right now. i think that's my point the whole notion of the debt ceiling and raising it and owing, spending our children's money, everything we're doing is insane rig now. >> oh i agree with that. it's a way around the debt ceiling problem. instead of printing bonds, you create this coin so you don't have to get t debt iling raised. the debt ceiling is one last point of restraint we...
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no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on the lows, we had some negative economic data points, and i think that's what we're in for until we get some clarity on what happens with the cliff. >> all right, charlie, folks have got to put their money to work somewhere, you think the back half of 2013 will be strong. what stocks do you like today that could prosper later on? >> well, i think some of the aerospace names have, you know, air traffic continues to grow around the world. the fleets are old. the replacement cycle is going strong. boeing just announced that they're going to take the
no, i'm not making a call like that on the economy. i'm saying the market could back up that amount in a worst case scenario if it gets contentious in the next few weeks. but unlike the others, i do think they will come to an agreement. i do think right now you're seeing the negotiating process play out, and when you have this play out, the market that's already run up, i think we could go sideways and trade like we did today. today wasn't disastrous. volume was very light. yeah, we went out on...
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but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us h
but remember that the resolution is bearish for the economy. we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to...
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this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more flexibility. it has been a common theme. take away some of the strings and we can do more with less. >> what exactly did you say to the president? >> well, and our case, we are here, not just as individual governors, really, our focus today was not to endorse a specific land, nor to dismiss a specific plan. we think it is important that we have a seat at this table and have points in it. concerns about the economy, concerns about the finances. really offering suggestions that we will follow up on as an organization. ways that we continue to highlight what is good for our s
this impacts the economy. it is creating havoc with our economy and state. if they do not get it resolved, not only do we not have growth money which we are anticipating right now in utah, we could take as much of a $500 million loss in revenue streams because of not getting revenue. we are also saying that states are willing to do our part. we understand this will be a shared sacrifice asked you have to look at spending cuts. states are willing to do more with less. we are asking for more...
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and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and that's surely not good news. in a moment you're going to see if you look carefully at the lower box there on the left-hand side of the screen, those people there are the telemundo actors ringing the bell today for the nasdaq and they put their names down here, i'm afraid i don't have them handy available. they're actors. and the dow stills are off and running and we weren't expecting a big opening. we're pretty flat. dow industrials down 4. that's it. but we have mcdonald's reporting better than expected sales in november. remember the pre
and major result for the economy. people having fewer babies, blaming the economy and one woman who took a chance and had six children anyway. we'll have that and of course the opening bell right after this. >> less than a minute to the opening bell. there's the news background that says that consumer spending wobbles. consumer spending-- unemployment rate at four year low. the only reason it's down is because the 350,000 people stopped lookinggfor work and the work force shhank and...
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but the economy's added some 3 1/2 million, 4 million jobs and that is a recovery. it's not as fast as the reagan recovery. it's faster than the push recovery and it's factored somewhere in there. >> i never thought i'd hear you say-- >> a starting point clearly was-- >> all right, i take your point. it's good stuff. i never thought i'd hear you say it's not as fast as the reagan recovery, but you just said it. >> i say that every time whenever you bring it up, that's one of the great recoveries in u.s. history. it helps when you can go straight back and doing what you were doing. stuart: if only we had done in 2009 what ronald reagan did in 1982, but i'm out of time. you know i'm out of time, now that. >> which is set the highest rate at 50%? >> no. >> that's what it was. stuart: it stimulates the private sector, not all government all the time. that's the story. aw austan, i'm sorry, i really am out of time. thank you, sir. more "varney & company" in a moment. >> a strong earthquake hit the coast of japan in the same region where the fukushima plant was devastated
but the economy's added some 3 1/2 million, 4 million jobs and that is a recovery. it's not as fast as the reagan recovery. it's faster than the push recovery and it's factored somewhere in there. >> i never thought i'd hear you say-- >> a starting point clearly was-- >> all right, i take your point. it's good stuff. i never thought i'd hear you say it's not as fast as the reagan recovery, but you just said it. >> i say that every time whenever you bring it up, that's...
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if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the market pull back sharply i would look to be a buyer on the pullback.
if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit...
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that is a big headwind for this economy. all of this uncertainty throughout the second half of this year, all of 2012 will be replaced with certainty and that should unleash pent-up demand when we see it in the construction, in capital spending, housing improving, certainty replacing uncertainty will be a big theme in 2013. tracy: that is all it is going to take? talking about spain, 2013 is setting itself up to be the year of uncertainty. i think it is the year of the snake in china. >> looks, europe has been with us for three years and at the margin it continues to get a little bit better. with the new government in china, a case can be made for a pickup in growth a little bit more stimulus. so these things have been with us, but the pictures a little bit more clear than where it was. we think 13 can be a good year economically coming off of two sluggish years. ashleytracy: we said 16 tradings left, where she be putting my money in preparation for all this? >> first of all if we get a significant selloff, though sidelines
that is a big headwind for this economy. all of this uncertainty throughout the second half of this year, all of 2012 will be replaced with certainty and that should unleash pent-up demand when we see it in the construction, in capital spending, housing improving, certainty replacing uncertainty will be a big theme in 2013. tracy: that is all it is going to take? talking about spain, 2013 is setting itself up to be the year of uncertainty. i think it is the year of the snake in china. >>...
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that will impact the overall economy. not just in the united states, also the global economy. you have to start looking at multinationals that trade on wall street. cheryl: some on the democratic side say they want to see unemployment extended for 200013. they argue it will hurt the economy if we don't extend unemployment. do you agree with that assumption? >> i don't think that is true. extended unemployment benefits have been winding down on a state-by-state basis for some time. it doesn't seem to be hurting the economy. i don't see how they will be able to extend the. not they're going to come close to coming to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market does not want to
that will impact the overall economy. not just in the united states, also the global economy. you have to start looking at multinationals that trade on wall street. cheryl: some on the democratic side say they want to see unemployment extended for 200013. they argue it will hurt the economy if we don't extend unemployment. do you agree with that assumption? >> i don't think that is true. extended unemployment benefits have been winding down on a state-by-state basis for some time. it...
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the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal cliff landscape? >> they are trying to trade around perceived outcomes. that is fairly treacherous. we don't get a sense that a lot of investors are doing that -- [talking over each other] liz: there were buying in on the dips because they are trading around he headlines. >> there's a lot of tax related strategy happening right now, many of which make a lot of sense, but i have asked the question of loss, what would you put money on a particular outcome? i wouldn't. that is a dangerous strategy. >> one scenario could be as damaging as another. we can gain that at this point, what shou
the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal...
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that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back. that's why we have to raise the debt ceiling because we can't pay our bills. we have to borrow more money from the same people who loaned us money in the first place. it is a giant ponzi scheme. liz: what would cause the back to break of this scheme that you call it? >> well, as creditors don't want to buy treasurys and only buyer left is the federal reserve, i mean you still have foreign central banks. but they will back away. if the fed is the only buyer it has to print an enormous amount of dollars to buy upp3 all the maturing bond and all the new bond and that sends the dollar collapsing and prices sk
that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back....
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how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and oth health professionals who helped us achieve the hhest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones o matter most. i love you,randma! [ male announcer ] humana. ♪ connell: kobe bryant from the
how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the...
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what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term h
what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held...
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lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democrati
lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a...
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if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs, speaking of the economy: even in the firm's baseline forecast, you can expect economic slowdown in early 2013. things will be even worse if washington cannot cut a deal. financial conditions will very likely be cliff like, early january. connell: stick around for the story coming out of australia. the police there are warning drivers that a problem with apple maps can actually be deathly. dagen: gerri mack brown has his hands full. taxes and not state will kill jobs and entrepreneur roles elsewhere. connell: they have some complaints about all of you and y
if you look at the economy, it is actually doing okay. i think those things go away if we get a deal. i don't think that is priced in at all. connell: great to have you on. thank you for joining us today. >> my pleasure. dagen: a stock alert for you. it could be a record-setting day at fedex. this could be the busiest day in the company's history. they have about 300,000 permanent workers worldwide. they add an additional 20,000 workers for the seasonal work. it is up 1%. goldman sachs,...
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and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a strong word, art. >> collapse as low as we are, i agree. stuart: now, the obamacare tax change is a change in the tax rate. >> yes. stuart: that's something that the president's absolutely insisting on. he wants tax rates to go up for the top two income brackets and that's being forced by the republicans. they don't want the rate to go up. they'll pay more in overall revenue, but don't want the rate to go up. your comments please on the president's stand-fast position on raising tax rates? >> well, rates are where the real action is, i mean, if you broaden the base and lowered rat
and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a...
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there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10 years now since it was enacted in the bush administration. they want to get rid of it. they ought to understand those are some of the most harmful economic ways of increasing revenues for the fiscal government. they ought to look for things that promote growth, not harm growth. lori: you laid it out. research rnc credits that will perhaps stop spending money on r&d until they get a firm idea of the credits they are entitled to. do you think this economy which is so fragile, weak jobs numbers, probably another bad one on friday. however as are we for going into a contractio
there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10...
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growing the economy, really how you provide additional revenues to pay the bills. that ought to be a part of the equation too. both sides know there has to be some spending cuts. and also that means entitlements. we've talked in terms of what we can do with medicaid reform and things we can do with entitlements where we the states can do more with less and help them with some of their entitlement reform. raising revenue and cutting spending, clearly that is the two issues on the table. i'm hopeful that the president, the executive branch, the congress can come together. ashley: i mean is this something going on in private that gives you more hope right now something will get done before we go over the cliff? i mean what's your sense? you've met with the president. i believe you will be meeting with speaker boehner later on this afternoon. what's yourrsense right now? >> well, i'm anxious to hear what speaker boehner and majority leader reid have to say to us also and see what congress's side of the issue is. but i believe the pressures will come to be they have got
growing the economy, really how you provide additional revenues to pay the bills. that ought to be a part of the equation too. both sides know there has to be some spending cuts. and also that means entitlements. we've talked in terms of what we can do with medicaid reform and things we can do with entitlements where we the states can do more with less and help them with some of their entitlement reform. raising revenue and cutting spending, clearly that is the two issues on the table. i'm...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language. because we know if. someone. chooses to use the consensus can. choose to get the news that invigorating to. choose the stories that impact the life choose the access to office. live. easy to see. destruction without seeing. what could be just ruins lives saved by a great sacrifice name and restore by human jets it spinning a remarkable reminder of courage and selflessness. beauty is a. place of russia a site. a. live. live live. live live. live can. listen to. the live. welcome back to cross talk about you know about your mind you were talking about separatist. led can. still live. ok christian and i go back to you in berlin i hear the general secretary of the union of european federalists when people join the european union where they will joining a federal union ok because you know what a lot of people will say is that they lost more and more of their freedoms to make decisions about their econo
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language. because we know if. someone. chooses to use the consensus can. choose to get the news that invigorating to. choose the stories that impact the life choose the access to office. live. easy to see. destruction without seeing. what could be just ruins lives saved by a great sacrifice name and restore by human...
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well that's a false complaint you have to have to see what is your currency and what is the economy you have to see the benchmark we just i had had a report yesterday in german t.v. that showed how many countries in the european union are competing to each other along with the tax system so i have to tell you again that i still agree with both of my other guests in that in that broadcast because i am totally for a european democracy but i'm a representative of a civil society who says there is no real democracy yet but if you see the way that we are going the last sixty years we are. as i said an empire of peace of abstraction people come and people don't go or the only people that has so far had a problem with it is maybe greenland and that is that is an example really out of history so something has to be clear at the moment we talking about a european european union that have been tremendously successful one even the noble prize for peace and then we have to get the next step which is a real good european democracy then if you know where your money goes you will bail out the other co
well that's a false complaint you have to have to see what is your currency and what is the economy you have to see the benchmark we just i had had a report yesterday in german t.v. that showed how many countries in the european union are competing to each other along with the tax system so i have to tell you again that i still agree with both of my other guests in that in that broadcast because i am totally for a european democracy but i'm a representative of a civil society who says there is...
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find out what's really happening to the global economy with mike skies or for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language. weekend with the if to. choose the news the consensus get to. choose the opinions that invigorating to. choose the stories that impact your life choose the access to your office. easy to see. destruction without the same. what could have been just ruins lives saved by a great sacrifice thing understood by human jets explaining a remarkable reminder of courage and selflessness. putin is a. people. russian side. secret laboratory. was able to build the most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans in the world this is why you should care only on the. pitch. and. welcome back across the time you know about your mind you were talking about separatism. taking. place. ok chris and i go back to you in berlin i hear the general secretary of the union of european federalists when people join the european union wh
find out what's really happening to the global economy with mike skies or for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language. weekend with the if to. choose the news the consensus get to. choose the opinions that invigorating to. choose the stories that impact your life choose the access to your office. easy to see. destruction without the same. what could have been just ruins lives saved by a great sacrifice thing understood by...
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Dec 7, 2012
12/12
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that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt this country. we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to look for a healthy fiscal future. >> thank you, senator. >> i agree that we usually do the right thing but only after we try everything else. the time has come. i see this as a scary time. we need to protect our fragile economy, but it is also an opportunity to move forward. my first question is based on your predictions -- what do you think the timeframe is for possible further downgrades from the credit rating agencies? >> this is my interpretation. i do not know for sure, but this is a guess from my experience. i think people outside of t
that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt this country. we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to...
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Dec 4, 2012
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if w
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're...
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find out what's really happening to the global economy with max cancer for a no holds barred look at the global financial headlines tune into the report. speak your language. for music programs and documentaries in spanish matters to you. news that will turn it into angles kitten's stories. for you here. in the spanish find out more visit. and. welcome back to cross talk i'm about to remind you we're talking about separatism. and. ok chris and i go back to you in berlin you're the general secretary of the union of european federalists when people join the european union where they will joining a federal union if you because you know what a lot of people will say is that they lost more and more of their freedoms to make decisions about their economies civil society sick cetera. well i totally disagree to that i mean of course the european union has to be based on subsidy or it's a principle which means that the decisions are made close as possible to the citizens on the other hand you know is that the case is that the case song truth is that the case let me finish all right go ahead y
find out what's really happening to the global economy with max cancer for a no holds barred look at the global financial headlines tune into the report. speak your language. for music programs and documentaries in spanish matters to you. news that will turn it into angles kitten's stories. for you here. in the spanish find out more visit. and. welcome back to cross talk i'm about to remind you we're talking about separatism. and. ok chris and i go back to you in berlin you're the general...
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Dec 5, 2012
12/12
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we are we balancing our economy. one of the things i've sought to do, it will attract newspaper headlines but i'm trying to expand our export promotion to make sure it is better, encouraging exports investment, making sure overseas changes of commerce for britain are better in these emerging economies. all these things are so important because one of the big strategic mistakes i think we made as a country in the last 15 years was we did not expand in the same way that for example, germany did. our market share in those emerging economies. >> john denham. >> mr. speaker, i've heard the chancellor make a number of statements to this house. is it a fair summer to say that every time he comes he's told us the economy hasn't grown since last time, he is planning to borrow more than last time he was here? spending on public service is going to be cut more than last time he was here. growth in the future is going to be less than he told us last time he was here. and envy of that record should he be quite so pleased with him
we are we balancing our economy. one of the things i've sought to do, it will attract newspaper headlines but i'm trying to expand our export promotion to make sure it is better, encouraging exports investment, making sure overseas changes of commerce for britain are better in these emerging economies. all these things are so important because one of the big strategic mistakes i think we made as a country in the last 15 years was we did not expand in the same way that for example, germany did....
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particularly greek economy and very very familiar with it and the situation there is disastrous and they do need in greece more european standard and it may well be a better pill for the swallow but they are going to have to swallow that pill i mean we have had to compromise in ireland over many many things and i think it's been for our benefit we have had no riots in the streets here over austerity we have had a financial crisis and we're just getting all of that we know that if we are to succeed we have to learn to compete economically with the major countries of europe whether it's germany italy france britain and i i have no regrets in saying and i don't feel like losing any of my nice solid density by suggesting that we become more european but the one thing i think that we do always need to make sure of is that the regions the smaller regions of independent states are individual states need to have correct representation and i don't think one can assume for one moment that westminster london can rule for the people of scotland and the people of scotland need to have their own
particularly greek economy and very very familiar with it and the situation there is disastrous and they do need in greece more european standard and it may well be a better pill for the swallow but they are going to have to swallow that pill i mean we have had to compromise in ireland over many many things and i think it's been for our benefit we have had no riots in the streets here over austerity we have had a financial crisis and we're just getting all of that we know that if we are to...
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Dec 3, 2012
12/12
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the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch this. don't touch this. take this off the table." suddenly you're left with nothing on the table to fick the problem. we wanted to create a broad-based bipartisan group to work with members of congress to come up way deal. over the past week, we met with over 50 members of congress. we had very productive meetings with both the white house and the republican leadership basically saying we know we need a plan that will be big enough to fix the problem and biexprs balanced, and we want to help you come to that-- >> schieffer: let me just talk to you, mark zandi. you're our economic forecasters. ent to just go ba
the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch...
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Dec 9, 2012
12/12
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economy. the public sector has become a manipulative forest, aggressively intervening in the venture and financial sectors with guarantees and subventions that attract talent and debunking. >> the worst of this is the korean cast of the obama administration. the epa now has gained control over everything. see so to have been deemed a pollution, dangerous to the environment in co2 is of course that these plans. they attempt to surprise or two epitomize the anti-nature, enterprise spirit of this administration. the reason we need another supply-side revival of the same kind we had under ronald reagan. >> would you change anything you wrote in the original "wealth and poverty"? >> i would've changed quite a lot. there's all kinds of details that a changed. but i found that to try to change one thing would be to change everything. so you know, you get into the morass of editorial work. so instead of changing an essentially retained the old look and added 40,000 new words at the beginning and kind
economy. the public sector has become a manipulative forest, aggressively intervening in the venture and financial sectors with guarantees and subventions that attract talent and debunking. >> the worst of this is the korean cast of the obama administration. the epa now has gained control over everything. see so to have been deemed a pollution, dangerous to the environment in co2 is of course that these plans. they attempt to surprise or two epitomize the anti-nature, enterprise spirit of...
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Dec 9, 2012
12/12
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economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recessi
economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much...
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economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and this dave thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely agree the bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now. well the first thing as you've said is that bubbles are bor
economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book...
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find out what's really happening to the global economy with my stronger no holds barred look at the global financial headlines kaiser report. into business with me to me russia's richest all battling it out in london courts again billion as letting up outside in on a continuing that tug of war over north nicole and an arbitration case where more than a billion dollars. reports from the british capital. it's a clash of russian. but this case it's unlikely to be. which one told them months in the sun london law is at least a million pounds in fees this time it's two more billion paternity and. worth fourteen and a half billion and eight point eight billion dollars respectively according to forbes magazine. nickel the world's largest nickel and played and he's doing holder for time in for more than a billion dollars for violating his shareholder rights it's a conflict that's been going on for two years and on monday it went into arbitration here but it looks like it could be short and sweet because to say the two have already reached an agreement the terms would mean a restructuring of the co
find out what's really happening to the global economy with my stronger no holds barred look at the global financial headlines kaiser report. into business with me to me russia's richest all battling it out in london courts again billion as letting up outside in on a continuing that tug of war over north nicole and an arbitration case where more than a billion dollars. reports from the british capital. it's a clash of russian. but this case it's unlikely to be. which one told them months in the...
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Dec 8, 2012
12/12
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impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mil
impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will...
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Dec 5, 2012
12/12
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economy behind the times. plus, a preview of what stocks investors are looking to own after ringing in the new year. the sudden flow of one hundred dollar bills is indicating a rise in fishy activity. and, bring on the breakout. are the markets poised for a swing to the upside? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 5th. i'm angela miles. in today's first look: standstill. that's what's happening with the budget talks in washington, and it's reflected on wall street. stocks barely budged yesterday. gold, however, was a major mover. what that tells traders is coming up in the show. pandora hit a sour note with investors last night. shares plunged after the company revealed a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of s
economy behind the times. plus, a preview of what stocks investors are looking to own after ringing in the new year. the sudden flow of one hundred dollar bills is indicating a rise in fishy activity. and, bring on the breakout. are the markets poised for a swing to the upside? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 5th. i'm angela miles. in today's first look: standstill. that's...
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find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into kinds a report on our. download the official t. application itself. choose your language stream quality and enjoy your favorites. l.t.v. is not required to watch on t.v. all you need is your mobile device watch our team any time. and mission and free couldn't take three months for charges free the maintenance free. three stooges free.
find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune into kinds a report on our. download the official t. application itself. choose your language stream quality and enjoy your favorites. l.t.v. is not required to watch on t.v. all you need is your mobile device watch our team any time. and mission and free couldn't take three months for charges free the maintenance free. three stooges free.
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find out what's really happening to the global economy cars a report on our. police be told language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the cia people interviews intriguing story to tell you.
find out what's really happening to the global economy cars a report on our. police be told language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the cia people interviews intriguing story to tell you.
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that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any pockets of undemocratic nepotistic rule which is untouched by the german government lord glasman morris glassman you know has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we right now and people living in london are actually living in the city of london you call the city of an . some corporation and undemocratic pocket within london as a whole other any other borrowers in the u.k. that are this similar type of exception to the general rule you know there's nothing like the corporation of london i don't think anywhere in the world i mean there are some anomalies we know of like the vatican and so on but they're very very distinct and we know about them the whole point of the corporation of london is people don't know about it people don't know what it does they don't know about its role as the financial crisis con
that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any pockets of undemocratic nepotistic rule which is untouched by the german government lord glasman morris glassman you know has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we right now and people living in london are...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines two kinds a report. welcome to business europe's largest economy germany has downgraded the south look for economic growth for this other next year with industrial production slowing the bonus bag sees g.d.p. to grow point seven percent rather than the previously forecast one percent two thousand and thirteen growth will be four times slower than anticipated hears. from deutsche bank research two factors are responsible for the slowdown of the german economy the one for factory slowdown of x. product and the other is we can westmont evil ottman the west wonders declining for the last five quarters for the year two thousand and thirteen we expect export contribution of net exports of this negative to g.d.p. but what is the realty stable this consumption due to the good labor market situation and relatively high income growth compared to the previous years so the german economy should grow by slightly more than than the euro a
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines two kinds a report. welcome to business europe's largest economy germany has downgraded the south look for economic growth for this other next year with industrial production slowing the bonus bag sees g.d.p. to grow point seven percent rather than the previously forecast one percent two thousand and thirteen growth will be four times slower than anticipated hears. from deutsche...
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Dec 4, 2012
12/12
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we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think gold is in a secular bull market. i think it's just been consolidating the big run it has had and will eventually go higher. bons i think with the re-election of president obama it pretty much insurances you will have low-inter
we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of...
WHUT (Howard University Television)
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Dec 9, 2012
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is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. to have that large player virtually shut in a recession would be bad news for the rest of the world. we do not think that's at the moment. we do not want to have this effect on a french our recovery. >> what would your message be to members of both parties on capitol hill and to the white house? >> i would say focus on the real issues. the real issues are the united states and its leadership role in the world. the u.s. has an economic leadership in the world. to protect that and make sure that that leadership in tourist, the uncertainty has to be removed. if yo
is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. to have...
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Dec 10, 2012
12/12
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>>guest: we have a sluggish economy. you have to promise note growth in the economy. if you promote growth, revenues come in. they are worried about tax rates but they do not mean anything if you have less revenue coming in because you are slowing down as an economy and that is hitting the economy and already happening. >>neil: thank you, jim. they are off. these guys are racing because they just heard that their super hero is headed to ground zero, fully clothed in this battle to avoid a fiscal cliff as we try to bring both sides together we have arizona senator john mccain, and maryland democratic congressman, and florida republican senator subrow, and connecticut independent senator, lieberman, and former debt co-chair and i could go on but i told you i take it upon myself to fix this mess as if i'm not busy enough thank you but i am looking after you and this country and if they cannot put together something, yours truly can and if i have to show up in spandex, i will. >> six weeks after losing their home they are being kicked out of their temporary one. it goes d
>>guest: we have a sluggish economy. you have to promise note growth in the economy. if you promote growth, revenues come in. they are worried about tax rates but they do not mean anything if you have less revenue coming in because you are slowing down as an economy and that is hitting the economy and already happening. >>neil: thank you, jim. they are off. these guys are racing because they just heard that their super hero is headed to ground zero, fully clothed in this battle to...
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Dec 3, 2012
12/12
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and for egyptians, potatoes are a boon to the economy. the potato fields employ 250 workers. the farm even built a mosque for them. the workers earn 50 euros a week -- that's a good wage in egypt. >> look at fresh potatos coming from egypt, at good prices. and we are helping people work here, you are helping people produce here, you are helping the egyptian economy in return. >> but growing potatoes in the desert takes a lot more water than in germany. and transporting the potatoes to europe also consumes a great deal of energy. they're fresh and tasty, but egyptian potatoes pay a high price when it comes to environmental impact. christoph schÄfer is taking on the egyptian competition. he wants to be able to sell his potatoes in the spring,too. >> we're building a potato warehouse so that we can sell our potatoes year-round. that's our current project. we want to store our own potatoes, and then sell them on the market. >> in cairo, wholesalers go to the al um market to buy potatoes. the shish family has been dealing in potatoes for generations. they prefer to sell to russia
and for egyptians, potatoes are a boon to the economy. the potato fields employ 250 workers. the farm even built a mosque for them. the workers earn 50 euros a week -- that's a good wage in egypt. >> look at fresh potatos coming from egypt, at good prices. and we are helping people work here, you are helping people produce here, you are helping the egyptian economy in return. >> but growing potatoes in the desert takes a lot more water than in germany. and transporting the potatoes...
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Dec 8, 2012
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. there you will find the promise of tomorrow. their journey is also our nation's destiny. and if they can give their children what our parents gave us, well then life in 21st century america can be better than it has ever been. may god bless all of you. and may god bless the united states of america. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on friday, vice president joe biden v
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean...